Yesterday gold halted its decline at 1767.295 USD per ounce and we saw heavy accumulation below 1800 USD pricetag. MACD remains bearish. RSI and Stochastics show signs of being oversold. In addition to that RSI seems as it wants to reverse back to the upside. However, investors should be wary that drawdawn towards 1750 USD is still possible. Though, we do not have...
ABNB has been publicly traded since 10th December 2020. ABNB has enjoyed wild ride up and down since then. Currently, we think there is high possibility that ABNB bottomed out on 19th May 2021 and that there is good chance it will continue upwards. Stochastics, MACD and RSI are bullish. In addition to that moving averages are also bullish. We would like to update...
NQ1! reached 14000 points and our previous medium term price target. Technicals remain bullish. Therefore we would like to update our medium term price target to 14200 points. Previous developements from 2nd June 2021: Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as...
USOIL reached our short term price target of 72.50 USD per barrel. Because of that we would like to update our thoughts on WTI oil. Moving averages and MACD remain bullish. However, price traveled too far from its 20-day Simple Moving Average. At the same time RSI reached overbought levels. Our medium term price target remains at 75 USD per barrel but we think in...
Yesterday gold plunged to 1803.636 USD after FOMC decision. FED announced that it expects 2 rate hikes in 2023 and possibillity of tapering talks. We think market might take some time to proccess this information. In addition to that support at 1852 USD has been taken out and RSI, Stochastics and MACD are all bearish on daily timeframe. Gold travelled back below...
Simple Moving Average (SMA) The origin of inventing the Simple Moving Average (MA) is not clear. Although, some of the first documented cases of its use date as far back as the early 20th century. Implementation of moving averages in technical analysis is one of the most successful methods of identifying trends. Moving averages are simply constant period...
Recently some of our readers requested analysis of indices. Because of that we prepared simple and concise analysis of continuous futures contract NQ1!. Technicals such as MACD, RSI and Stochastics are all bullish. However, resistance sits at 13900.50 points and current trend is very weak which is reflected in low ADX value. Though, we think there is still strong...
Last week gold halted its decline at 1856.040 USD after finding resistance at 1916 USD. Support remains at 1852 USD. We think price will trade in range between support and resistance for a while. There is even possibility that support will be retested, however, we think there is small chance it will be taken out. Technicals are currently mixed. We believe bullish...
On 4th June 2021 we correctly predicted USOIL would reach 70 USD per barrel this week. Stochastics, RSI and MACD remain bullish. ADX shows signs of revival and DMI is also bullish. However, daily timeframe for USOIL nears overbought level. Though we think there is some upside left before correction. Because of that we would like to upgrade our short term price...
Recently RSI and MACD turned back to bullish side. At the same time ADX shows signs of revival. In addition to that oil price keeps rising. We think that XOM will continue its rise above 1st resistance at 62.55 USD. XOM currently provides very interesting setup. Our short term price target for XOM is 62. 50 USD and our medium term price target is 65 USD. Here is...
ALB broke out of its triangle pattern. It prierced above upper bound which is bullish sign. RSI, MACD and Stochastics are also bullish. Our short term price target is 180 USD per share. Our medium price target is 200 USD per share. Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not...
Technicals such as RSI, MACD and Stochastics are all bullish. In addition to that ADX shows signs of awakening. Price continues to rise and on 3rd June USOIL’s price reached 69.37 USD. We think there is high probabillity that USOIL will reach our short term price target of 70 USD within next week. Because of that we would like to update our medium term price...
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USOIL reached our short term price target of 67.50 USD per barrel. Currently, resistance sits at 67.94 USD. Technicals and fundamentals remain bullish. In adddition to that demand is expected to pick up over the summer. Because of these reasons we would like to update our short term price target to 70 USD per barrel. Our previous thought from 24th May 2021: Our...
General Motor remains in neutral trend. It currently trades within rectangle formation. Its ADX is very low, however, crossover in DMI points to possibility of new trend. Furthermore, RSI, MACD and Stochastics turned bullish over last month. We believe that GM has solid chance to pierce above resistance at 59.10 USD. If this resistance is taken out we expect more...
As our price target for 2021 (from 16th April 2021) of 1900 USD has been reached we would like to provide you with new update on gold price. On weekly timeframe bullish trend remains intanct. Bullish thesis is supported by bullish RSI and Stochastics. Withihn real economy we are seeing soaring prices almost among all asset classes and this pinpoints to the higher...
Gold has been steadily climbing up since 8th March 2021 when hitting low of 1676.866 USD per ounce. This low was subsequently retested for the second time on 31st March 2021 when price halted its decline at 1677.954 USD per ounce. This is bullish sign for gold, altogether with the fact that gold currently trades around median trendline (white dashed line) of...
WTI oil continues its choppy sideways price action. However, we still remain bullish and our targets remain unchanged. Our short term price target is 67.50 USD per barrel while our medium term price target is 70 USD per barrel. We expect demand to pick up over the summer as travel curbs will ease and people will start to travel more. In addition to that oil failed...